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Sri Lanka Equity Forum » Stock Market Talk » Triple Top Reversal pattern

Triple Top Reversal pattern

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1Triple Top Reversal pattern Empty Triple Top Reversal pattern on Thu Jun 20, 2019 6:05 am

signals20


Stock Trader
[ltr]Triple Top Reversal pattern [/ltr]
[ltr]The Triple Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal highs followed by a break below support. As major reversal patterns, these patterns usually form over a 3 to 6 month period. Note that a Triple Top Reversal on a bar or line chart is completely different from Triple Top Breakout on a P&F chart.. Namely, Triple Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout. We will first examine the individual parts of the pattern and then look at an example.[/ltr]
[ltr]Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Top Reversal, an uptrend should precede the formation.[/ltr]
 
[ltr]Three Highs: All three highs should be reasonably equal, well spaced and mark clear turning points to establish resistance. The highs do not have to be exactly equal, but should be reasonably equivalent to each other.[/ltr]
 
[ltr]Volume: As the Triple Top Reversal develops, overall volume levels usually decline. Volume sometimes increases near the highs. After the third high, an expansion of volume on the subsequent decline and at the support break greatly reinforces the soundness of the pattern.[/ltr]
 
[ltr]Support Break: As with many other reversal patterns, the Triple Top Reversal is not complete until a support break. The lowest point of the formation, which would be the lowest of the intermittent lows, marks this key support level.[/ltr]
 
[ltr]Support Turns Resistance: Broken support becomes potential resistance, and there is sometimes a test of this newfound resistance level with a subsequent reaction rally.[/ltr]
 
[ltr]Price Target: The distance from the support break to the highs can be measured and subtracted from the support break for a price target. The longer the pattern develops, the more significant the ultimate break. Triple Top Reversals that are 6 or more months old represent major tops and a price target is less likely to be effective.[/ltr]
 
[ltr]Throughout the development of the Triple Top Reversal, it can start to resemble a number of other patterns. Before the third high forms, the pattern may look like a Double Top Reversal. Three equal highs can also be found in an ascending triangle or rectangle. Of these patterns mentioned, only the ascending triangle has bullish overtones; the others are neutral until a break occurs. In this same vein, the Triple Top Reversal should also be treated as a neutral pattern until a breakdown occurs. The inability to break above resistance is bearish, but the bears have not won the battle until support is broken. Volume on the last decline off resistance can sometimes yield a clue. If there is a sharp increase in volume and momentum, then the chances of a support break increase.[/ltr]

https://www.freeforex-signals.com/ar/

2Triple Top Reversal pattern Empty Re: Triple Top Reversal pattern on Thu Jun 20, 2019 6:51 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@signals20 wrote:[ltr]Triple Top Reversal pattern [/ltr]




[ltr]The Triple Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. There are three equal highs followed by a break below support. As major reversal patterns, these patterns usually form over a 3 to 6 month period. Note that a Triple Top Reversal on a bar or line chart is completely different from Triple Top Breakout on a P&F chart.. Namely, Triple Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout. We will first examine the individual parts of the pattern and then look at an example.[/ltr]




[ltr]Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Top Reversal, an uptrend should precede the formation.[/ltr]




 
[ltr]Three Highs: All three highs should be reasonably equal, well spaced and mark clear turning points to establish resistance. The highs do not have to be exactly equal, but should be reasonably equivalent to each other.[/ltr]




 
[ltr]Volume: As the Triple Top Reversal develops, overall volume levels usually decline. Volume sometimes increases near the highs. After the third high, an expansion of volume on the subsequent decline and at the support break greatly reinforces the soundness of the pattern.[/ltr]




 
[ltr]Support Break: As with many other reversal patterns, the Triple Top Reversal is not complete until a support break. The lowest point of the formation, which would be the lowest of the intermittent lows, marks this key support level.[/ltr]




 
[ltr]Support Turns Resistance: Broken support becomes potential resistance, and there is sometimes a test of this newfound resistance level with a subsequent reaction rally.[/ltr]




 
[ltr]Price Target: The distance from the support break to the highs can be measured and subtracted from the support break for a price target. The longer the pattern develops, the more significant the ultimate break. Triple Top Reversals that are 6 or more months old represent major tops and a price target is less likely to be effective.[/ltr]




 
[ltr]Throughout the development of the Triple Top Reversal, it can start to resemble a number of other patterns. Before the third high forms, the pattern may look like a Double Top Reversal. Three equal highs can also be found in an ascending triangle or rectangle. Of these patterns mentioned, only the ascending triangle has bullish overtones; the others are neutral until a break occurs. In this same vein, the Triple Top Reversal should also be treated as a neutral pattern until a breakdown occurs. The inability to break above resistance is bearish, but the bears have not won the battle until support is broken. Volume on the last decline off resistance can sometimes yield a clue. If there is a sharp increase in volume and momentum, then the chances of a support break increase.[/ltr]



Where is the bar chart/ Line Chart / Candle stick chart? Now Teller suffering with Multiple personality disorder syndrome 

Teller = Uaecoindubai= Freeforexsignals2020 = Signals20

3Triple Top Reversal pattern Empty Re: Triple Top Reversal pattern on Thu Jun 20, 2019 8:54 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Dissociative Identity Disorder (Multiple Personality Disorder)




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Dissociative Identity Disorder (Multiple Personality Disorder)
ABOUT




IN THIS ARTICLE





Dissociative identity disorder (previously known as multiple personality disorder) is thought to be a complex psychological condition that is likely caused by many factors, including severe trauma during early childhood (usually extreme, repetitive physical, sexual, or emotional abuse).


What Is Dissociative Identity Disorder?



Most of us have experienced mild dissociation, which is like daydreaming or getting lost in the moment while working on a project. However, dissociative identity disorder is a severe form of dissociation, a mental process which produces a lack of connection in a person's thoughts, memories, feelings, actions, or sense of identity. Dissociative identity disorder is thought to stem from a combination of factors that may include trauma experienced by the person with the disorder. The dissociative aspect is thought to be a coping mechanism -- the person literally dissociates himself from a situation or experience that's too violent, traumatic, or painful to assimilate with his conscious self.


Is Dissociative Identity Disorder Real?



You may wonder if dissociative identity disorder is real. After all, understanding the development of multiple personalities is difficult, even for highly trained experts. The diagnosis itself remains controversial among mental healthprofessionals, with some experts believing that it is really an "offshoot" phenomenon of another psychiatric problem, such as borderline personality disorder, or the product of profound difficulties in coping abilities or stresses related to how people form trusting emotional relationships with others.


CONTINUE READING BELOW





Other types of dissociative disorders defined in the DSM-5, the main psychiatrymanual used to classify mental illnesses, include dissociative amnesia (with "dissociative fugue" now being regarded as a subtype of dissociative amnesiarather than its own diagnosis), and depersonalization/derealization disorder.




What Are the Symptoms of Dissociative Identity Disorder?



Dissociative identity disorder is characterized by the presence of two or more distinct or split identities or personality states that continually have power over the person's behavior. With dissociative identity disorder, there's also an inability to recall key personal information that is too far-reaching to be explained as mere forgetfulness. With dissociative identity disorder, there are also highly distinct memory variations, which fluctuate with the person's split personality.



The "alters" or different identities have their own age, sex, or race. Each has his or her own postures, gestures, and distinct way of talking. Sometimes the alters are imaginary people; sometimes they are animals. As each personality reveals itself and controls the individuals' behavior and thoughts, it's called "switching." Switching can take seconds to minutes to days. When under hypnosis, the person's different "alters" or identities may be very responsive to the therapist's requests.

4Triple Top Reversal pattern Empty Re: Triple Top Reversal pattern on Thu Jun 20, 2019 8:56 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Along with the dissociation and multiple or split personalities, people with dissociative disorders may experience a number of other psychiatric problems, including symptoms:



Other symptoms of dissociative identity disorder may include headache, amnesia, time loss, trances, and "out of body experiences." Some people with dissociative disorders have a tendency toward self-persecution, self-sabotage, and even violence (both self-inflicted and outwardly directed). As an example, someone with dissociative identity disorder may find themselves doing things they wouldn't normally do, such as speeding, reckless driving, or stealing money from their employer or friend, yet they feel they are being compelled to do it. Some describe this feeling as being a passenger in their body rather than the driver. In other words, they truly believe they have no choice.

CONTINUE READING BELOW





What's the Difference Between Dissociative Identity Disorder and Schizophrenia?


Schizophrenia and dissociative identity disorder are often confused, but they are very different.

Schizophrenia is a severe mental illness involving chronic (or recurrent) psychosis, characterized mainly by hearing or seeing things that aren't real (hallucinations) and thinking or believing things with no basis in reality (delusions). Contrary to popular misconceptions, people with schizophrenia do not have multiple personalities. Delusions are the most common psychotic symptom in schizophrenia; hallucinations, particularly hearing voices, are apparent in about half to three quarters of people with the illness.



Suicide is a risk with both schizophrenia and dissociative identity disorder, although patients with multiple personalities have a history of suicide attempts more often than other psychiatric patients.

5Triple Top Reversal pattern Empty Re: Triple Top Reversal pattern on Thu Jun 20, 2019 8:59 am

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

How Common Is Dissociative Identity Disorder?


Statistics show the rate of dissociative identity disorder is .01% to 1% of the general population. Considering dissociation more broadly, more than a third of people say they feel as if they're watching themselves in a movie at times (that is, possibly experiencing the phenomenon of dissociation), and 7% percent of the population may have some form of an undiagnosed dissociative disorder.

What's the Recommended Treatment Plan for Dissociative Identity Disorder?


While there's no "cure" for dissociative identity disorder, long-term treatment can be helpful, if the patient stays committed. Effective treatment includes talk therapy or psychotherapy, hypnotherapy, and adjunctive therapies such as art or movement therapy. There are no established medication treatments for dissociative identity disorder, making psychologically-based approaches the mainstay of therapy. Treatment of co-occurring disorders, such as depression or substance use disorders, is fundamental to overall improvement.

CONTINUE READING BELOW





Because the symptoms of dissociative disorders often occur with other disorders, such as anxiety and depression, medicines to treat those co-occurring problems, if present, are sometimes used in addition to psychotherapy.

6Triple Top Reversal pattern Empty Re: Triple Top Reversal pattern on Thu Jun 20, 2019 9:16 pm

Teller

Teller
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